The Treasury has released a report it commissioned from KPMG in early 2011 to help ascertain the value proposition in improving Portfolio, Programme, and Project Management (P3M) in government. The findings show improvement in P3M would tangibly lead to both cost-avoidance and improving the level of benefits realised, as well as significant non-tangible benefits.

The report was finalised in March 2011 and its findings have been used to inform further work within the Treasury. Note that the recommendations in the report are those of the KPMG report writer, and should not be viewed as Treasury recommendations.